Dubai, UAE, 23rd Jan 2017: FasterCapital (a virtual incubator based in Dubai, UAE) has launched its first round of funding for 2017 which begins on 23rd January, 2017 and ends on 15th of March, 2017. The last round of funding in 2016 has attracted more than 1700 entrepreneurs from more than 75 countries. More than 30 startups were accepted into the acceleration program.
FasterCapital hopes this message will reach a wider audience of dedicated and enthusiastic entrepreneurs who seek both capital and incubation. Each startup goes through three levels of assessment: Business, financial and technical. The study will be communicated back to the entrepreneurs so that they can take our feedback in the development of their startup.
Entrepreneurs will get (for free!) an extra professional opinion about their startup, potential obstacles and ideas for improvement! All accelerated companies will receive services such as mentorship, marketing study, feasibility study, technical consultation, new sales channels and financing.
FasterCapital offers two programs: “Acceleration Program” and “Incubation Program”. In the “Acceleration Program”, FasterCapital will provide mentorship, access to capital and extra consulting services (legal, technological and marketing) to Entrepreneurs. What distinguishes FasterCapital is its “Incubation Program” which might appeal to non-technical entrepreneurs. FasterCapital will become a co-founder (technical cofounder) and co-funder (as one of the first investors) and will provide technical development per equity (up to $500k for each startup). The “Incubation Program” might also appeal to tech entrepreneurs who seek some help in covering some of the early investment in the startup.
FasterCapital has more than 100 internal developers with different skillsets who are already working on multiple projects.
Startups can apply to join our Virtual Incubator at:
FasterCapital is a virtual incubator based in Dubai Internet City, UAE. FasterCapital has more than 18 graduated startups, 15 startups in incubation program, 179 startups in the acceleration program plus more than 118 regional partners and 79 offices worldwide. FasterCapital has invested more than 10 million USD since its inception in 2010.
Name: Mr. Faisal Khamees
VP of Operations at FasterCapital
Phone: +971 5558 55663
Name: MR. Terry Crospy
Mentor & Investor at FasterCapital
Phone: (512) 400-0256